Physical natural gas traded Monday for Tuesday delivery was widely mixed with prices swinging as much as 25 cents above or below unchanged. New England points suffered the indignity of having temperatures swing from summer-like conditions to well below normal within the space of 24 hours, and Chicago also saw a 15 degree drop from “summer” to normal within a day’s time period as well.
henry hub
Articles from henry hub
Storage, Refill Optimists Gain Upper Hand in Weekly Trading
Buyers seeking to replenish thin working gas inventories got something of a break for the week ended May 9. Nearly all market points recorded losses and the NGI National Weekly Spot Gas Average finished 8 cents lower at $4.55. A slightly bearish inventory report may augur a changed storage/refill outlook.
Industry Briefs
The Alaska Division of Oil and Gas received 43 bids from companies and investors interested in obtaining state leases during its latest Cook Inlet and Alaska Peninsula oil and gas lease sales. Winning bidders have 10 years to explore and potentially develop the leased acreage. The division received 40 bids from eight bidders on 35 tracts encompassing 114,203 acres in the Cook Inlet sale area. It received three bids from two bidders on three tracts encompassing 10,280 acres in the Alaska Peninsula sale area. Winning bonus bids totaled $5.35 million for the Cook Inlet sale and $51,400 for the Alaska Peninsula sale. “This year’s lease sale results show continued optimism among investors about the hydrocarbon resource potential of these two regions, and that state-owned acreage is considered highly prospective for oil and gas development,” said Division of Oil and Gas Director Bill Barron. “The sale results also demonstrate continued growth in the market potential for Cook Inlet oil and gas.”
Bulls Mulling Next Move; June Called Flat
June natural gas is expected to open unchanged Friday morning at $4.57 as Thursday’s decline reset a number of trading parameters and upward progression is likely to depend on weather assistance. Overnight oil markets rose.
Eclipse Readies IPO, Unveils Sizable Ohio Position
Appalachian pure-play operator Eclipse Resources Corp., which has been rumored since last year to be considering an initial public offering (IPO), has filed a Form S-1 with the U.S. Securities and Exchange Commission indicating that it intends to raise $100 million on the New York Stock Exchange (NYSE) in the coming months.
Antero Resources Sees Steady Start to Year As Production Keeps Climbing
Little changed for Appalachian pure-play operator Antero Resources Corp. during the first three months of the year, as production continued to steadily climb and the company kept realizing strong natural gas prices as the result of cold weather and its sharp focus on firm transportation.
Technology Winners: Next Big Thing(s) Coming to Offshore Theaters Soon
Sparks of ingenuity are firing up ever-better ways to find and produce oil and natural gas from the deepest and most remote offshore reservoirs in the world, but innovators have barely touched the subsea surface, experts said at the four-day Offshore Technology Conference (OTC) in Houston.
Major Global Fleet Operators Seek Fuel Diversity
Natural gas has growing attraction for some of the world’s largest vehicle fleet operators, but it must compete depending on the applications and vehicles involved with all other alternative fuels, a panel of fleet executives told ACT Expo’s clean alternative transportation meeting Wednesday in Long Beach, CA.
EPA Seeks Guidance on What Fracking Chemicals, Mixtures Should be Disclosed
The U.S. Environmental Protection Agency (EPA) on Friday launched an advance notice of proposed rulemaking (ANPR) to allow stakeholders and the public to comment about what hydraulic fracturing (fracking) chemicals and mixtures should be disclosed.
TransCanada Scales Up Eastern Mainline Expansion on Strong Shipper Demand
Shipper demand for 1.2 Bcf/d of new natural gas delivery capacity has prompted TransCanada Corp. to scale up its proposed Eastern Mainline Expansion into a jumbo service addition.